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Economy subscriptions thoughts

G-20 summit


Pittsburg has earned surplus revenue ,while hosting the G-20 summit.This is an aside to the serious issues discussed by the 20 nations.

The dominance of G-8 has receeded. This was explicit ,when in November the emerging 12 ,other economies were invited.THe rest takes over the reins from the west. It is an official prerogative, but which actually  is an old news. India , Brazil and China will hold fort. The European nations , particularly France has sunk into oblivion. China has overtaken France.The IMF , has to be reconstituted. Voting powers  and quotas have to be reformed. China  will be the big winner. France ,the biggest loser.The U.S will remain steady.The U.S has to vie with China, in a maintaining an equalibirium . China ,as an exporter , has to consume more. U.S ,as a debtor state , has to save more.China’s currency has been artificially undervalued.Thus China’s  exports are highly competitive, while U.S faces enormous trade deficit.

Pittsburg made a sizeable income fron the meet,also paved the wgolden path or the Rest.

The summit held that recession is completely out, with the pumpingin of billions as stimulus. It is a hasty call, feel the economists, as there is still unemployment, as there is still collapse of banks. The economy is walking with crutches. A thoughtless pull of of the leaning system will prove fatal. The economy ,will struggle. another Lehman  kind of collapse will occur ,demoralising the world.

 

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Economy subscriptions thoughts

Monetary Imbalance.


Mental imbalance leads to a quixotic behaviour ,certain times harmless, most times violent.

Physical imbalance directs to an unsymetrical  aspect and brain seizures foretelling major health risks.

Monetary imbalance juggles up finances and defaults focusing on a much hesitant bankruptcy.

A careful consideration of mental , physical and fiscal balance is an essential referendum to maintain a solid basic.

The fiscal part , if not  primarily taken care off will land us in great muddle. It is the most vital  factor , which renders an equalibirium  to enliven the spirit.

A little flaw, a slight over rule of the financial description , an erroneous accounting, an indulgence for over spending will pull down the curtains of  sustainabilty and survival.

The  revenue generated , should be wisely invested. A part of it should be spent on requirements  of necessity. Another portion should be accommodated for prudent investments. The final and third  accrual must be utilised for charity and for the uplift of society.

A lavish throw out on  socialising, on holidaying, on attire , and on  unruly pastimes will act as a precursor to doom. Our forefathers bought what was needed, took a break from the routine in a moderate account.A simple lifestyle , with all the necessities ,which provided them with excellent comforts ,marked their way of life. Credit cards were unknown. It was always cash and carry. Socializing did occur, but proceeded in a humble get together with less ostentation .

The  finance of  our ancestors was controlled . Their expenditure was well within their means.But we, involve in extravagance, by deriving benefits from the modern fiscal procedures ,like debit card, credit card, easy loan, mortgage loans. These  instead of helping us to wade off the threat of carrying money ,wherever we go, has thrust us into a deep pool of messy debt .

Liabilities within the frame of assets is not to   a problematic assignment. Neverthless debt beyond the  worth indicates risky admonitions. The modern lifestyle  comprises of home procured with mortgage loan, vehicles bought with car loan, accessories purchased with little down-payment , followed by monthly instalments entrap us in a puddle of debt.

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A Century Soon


91 banks have been closed so far. The latest is Corus.The world is anxiously waiting for the first century. It is well within the reach.Can we anticipate a closure before the year is out, or even ahead of it?

What does these foreclosures or collapse  to put the process in a rude format mean?What do they elucidate?What do they interpret?

They  drive us mad. They make us panic. They move us adrift. We sail in an unknown direction. The banking regulations have exhibited a weak stricture. They have exposed a punctured  dogmatic interlude. They have manipulated a distinctive deviation from the accepted purview. A sober sullenness   is destined to happen, or more so has settled in the banking sphere. The mitigated suffering  thrusts sarcastically as a prolapsed weird symptoms  persists.

The regulators have engrossed themselves in analysing the furrows and furore that kept the banks in an unholy, unruly mess. The discrepancies that provoked the shut down of the banks reveal a great device of fault and error,  a considerable procedure of deceit and derailment, a consolidated prediction of falsehood and irrationality.These annihilated anomalies  assembled together to mesmerize the investor in particular , and the government at large . The former, unaware of the deformity in depth, but aware of the glamour in the apparent virtuoso , trusted the institution in full. The business was conducted in a smooth method, thus maintaining the faith of the investor intact. The government was misguided by the transactions which put forth an intrinsic valuation to the normal eye. but displayed an atrocious expungence when read in detail.

The chief executives took handsome salary, enjoyed a gusto of perquisites, experienced a sumptuous lifestyle, grabbed a solid bonus, thus filling their own exchequer at the expense of the investor’s funds. The reward was so hefty, that the public was pushed to total amazement .

A regal lifestyle, a royal upbringing, a fine texture of grandeur marked the honourable executives gallop in utmost speed. The advances were rushed through. The identification of true value customer was a shadowy deal. The crisp exchanges had a veiled formation. The sentimental significance had a manifold misuse, that led to the debacle of the established conventions.

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A Golden Haven


Gold was considered as an asset , a possession of pride, a symbol of wealth and a significant proactive fortune proforma .

All that glitters is not gold, goes the maxim. But now the price of gold is far more glimmering than the metal. Its value has been jacked up. Its high price tag has not deterred the investor from procuring it. Usually an escalation  brings down the demand, But , this precious metal , though quoted dear has shown an overwhelming response.A paradoxical win win situation for the yellow metal.

As  the stocks went cheap, as the economy underwent a chaotic fall, as the real estate tumbled, as the manufacturing industry protracted strain, as the oil crumbled from 145$ to 44$, the golden opportunity for gold rose high . It is acclaimed as a safe and secured bet by most investors. Hence the demand is so powerful that the metal keeps on rising in its intrinsic value.

Gold is now quoted in the range of 992$ . The observers ,feel strongly that it would cross the mark of 1000$ in a few days. The wedding season in India, which is the largest purchaser of gold, is in full blossom. The Indian mindset , has not changed . They still want to deck their daughters with gold , in more forms ,such as necklace , bangles, earrings, nose rings, bracelets and anklets. This cushioning effect has given a credibility to the price inflation of the metal.

There is an old adage, I am not sure of the exact words, that money invested in gold and land will never go astray, but get multiplied in geometric progression. Two years back , gold carried a price of 50$ or even less, now it is about to breach the 1000$ mark. A jump , which cannot be believed , but it is true as we are physically witnessing the frenzied range.

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Filing Bankruptcy


Bankruptcy  brought with it a sense of shame, a degree of  ignominy,,a circumstance of disgrace, a feeling of regret and a susceptibility to embarrassment. Now , the trend has took a different turn. A twist  which accumulates a lot of convenience,which bears a stock of opportuneness which provides  a volume of accessibility to convert or more precisely minimise the debt, by gaining protection under bankruptcy.

Recession has not only affected banks, financial institutions,autos , housing , but also media.Readers Digest U.S, has filed bankruptcy under chapter 11, just to get a waiver  .If the court allows this remedial petition, its debt load will be minimised to 550$million,from 2.2 billion $.

This is only an adjustment in the balance sheet, quips ,one of the spokesmen of the company.

The other editions of Readers Digest are not affected by this move.Walter Beyleveldt,made a statement that U.S edition’s direction will not affect Australia.Handyman and Health smart magazines  subsidies of Readers Digest , Australia , have increased the revenue by 7%, resulting out of advertisement.Readers Digest ,Australia is not  in any trouble foreseen or unforeseen.

Anyway, debt is the crux of the problem. Debt strapped Readers Digest is not secure.It may be takrn up bygroup of lenders led by JP.Morgan Chase,or will seek  to take to the company public again or sell it within next few years.Ther is no paucity of visible long time stake holders.

 

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Death Stares


Man known for his six senses, that  includes the reasoning faculty, seems to be the most irrational creation of God. Others, mammals, birds, and the insects, though possessing less sensitivity, apparently are a better inhabitants of the world. They  commit injury ,only when they are infuriated. This is the prime principle that governs the little ant , the huge elephant, the ferocious lion. But Man goes about  his truancy ,wreck less in behaviour, contemptuous in attitude. He does harm to his fraternity, by indulging in unceremonious threats, undeserving attempts of brutality, finally killing his fellow human, just for greed, for deceit, for revenge and for fun.His area extends to the animal kingdom as well, and the Ocean realm also.

The Japanese mass slaughter of dolphins in a cove in Taiji, has gone unnoticed for years. The Japanese government covered up the whole inhuman act. Nearly 23,000 dolphins are killed every year. They are sold as fish to the public. The dolphin flesh is contaminated with toxic mercury, which in turn will kill the consumer. The transgression is multifold. Massacre of dolphins is atrocious. The consumption of the dolphin flesh is highly poisonous. There is an illegal mode of earning money , as they fetch 154,000U.S. dollars. The illicit trade has a flourishing wave of profit,.

Japanese government submits that in few parts of Japan , people eat dolphins for very long. So the slaughter is not new .It has been in vogue for years together. What a meek acceptance!

The Dolphin show , conducted in various cities , is another wicked activity of man. The dolphins have sharp ears, and powerful sight. They respond to the call of the trainer as quick as lightning. The training involves a large scale threats  to discipline the naive sea animal. The revenue the dolphin show brings is something of a wonder. The conductors mint money, at the cost of these mute spineless sea faring mammals.

The genocide of dolphins should be banned. Similarly ,as the cry for the safety of dolphins is increasing in decibels, we have to jointly put a complete full stop to the killing of any species, whether it be a chicken , a lamb, fish.Beef and pork are relished by most. This delicacy is also an end product of slaughter of animals. Shouls we not think about the harassment they undergo while being slaughtered.

let me end this appeal , with a plea promoted by my five year old grandson. We are all strict vegetarians, but my daughter in law , takes meat and fish on and off. Once she promised her son , that she will not eat anymore of the stuff. While they were dining out, she oredered for fish. My grandson’s face turned red. he called his mother, “mummy you promised me that you will not eat fish, now you have broken your promise. How bad the fish’s mom would l feel, when it sees its baby being cut. Why do you feel bad and shed tears , if I get hurt? The same way it is .”I was moved, by  his provacation.

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Economy subscriptions thoughts

Recovery With A Scar


Recession is almost over. Bad times have been expunged.We see a kind of happiness all  around. We hear a sigh of relief, which is sonorous. We  experience a sense of practicality ,which is rewarding. The throbbing fear, the serious deliberations, the much debated flaws in the economic policies, the nervous apprehension all have slowly dimmed though not a full detachment from the prowling irregularities that pounced the world economy.The attack was so harsh that it surmounted to a depletion of finances.

U.S was bleeding. The housing proved a devilish blow, banks  miserably collapsed, one after another, autos applied a sudden break. There was a veiled drooping ,a cacophony shriek,a hoarse muttering which made the richest nation a skeleton like virtuoso. U.S succumbed to the wrong policies. It fell a prey to the erring shots of the bureaucrats. Its people knew to spend, but did not learn to save.The two year abject decimation of its financial, has restructured the tarnished economy.U.S is slightly propping its head out, and Paul Kruggman opines that by September, the country would emerge timidly out of  depression, but the scar will remain.

A serious wound takes time to heal, once it starts closing up, the getting better sets in. But the deep wound will leave a scar ,which will take months or even years to vanish. Similarly the bruise that economy has inflicted on the nations, is methodically getting covered up,but the residue will last long. It should remain for a duration, so that any folly or mishap for that matter will be  deflected once we are reminded of the great recession.

Recessions and Depressions punctuated this long era with their shortcomings. The default should have taught us a lesson , should have made us refrain from not committing the same folly. It did teach , but we like every other eventuality forgot . We indulge in going through the doldrum once again.

A thorough grounding of theorems and hypothesis in school days ,escapes our memory . A  strong fundamentals in grammar and applications of skills in writing during our  school and then college levels are no longer sustained in our mind. We go about our own way,discarding the accepted norma.  rejecting the bequeathed traditions, deferring the established principles. So ,if another pulsating ,subduing ,denigration bursts out, we have no alternative but to be drawn by it unobtrusively, and later climb out fully drenched in its velocity and vibrancy.

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Economy subscriptions thoughts

Around The World In Eighty Days


Obama has completed two hundred days in office. A spectacular achievement ,which needs to be applauded. Achievement , in the sense, he has been successful in bringing out a renaissance in the economy, a new look in the health care, a centralised attention on education ,and a pinpointed focus on unemployment. He may have slipped on one or two occasions, but the overall performance is brilliant. His external affairs got an impetus , by his swift move around the world.He has visited so far, 14 countries. wherever he landed, his gift of the gab won the hearts of the people. His diligent approach brought him a roaring applause  from the diplomats ensemble.

The murmur ,the tax payer’s money is utilised for such worldwide sojourns, is heard very feebly. But ,to run  the administration of the United States Of America,a generous outfit has to be set aside . His oration in Saudi, followed by his speech in Egypt  ,were an effective  tool to win the rapport of the Muslims.The virtual animosity and hostility nurtured in the minds of the Muslim youth against the U.S, got dissipated by the friendly warm talk of Obama.  

Back home, his fiery inclination to provide jobs was well received by the senate. There arose a question as how he is going to fund for the new employment when the economy is facing a down turn?He , with his staunch aides developed a programme  in the areas of laying roads, building hospitals, and schools. Infrastructure needs to be developed , to make the nation volatile and move in the right format. Health  ,was another factor that called his attention. He has done a wonderful job, by providing utmost care and world class facilities to patients both in and out.

 

The economy is making a  steady right about turn.AIG has made a neat profit in this quarter after the 2007 slump.A great mark that needs to be taken note off. 71 banks ,have been closed down by the regulators. It is a pretty dull dissuading  trend in the reviving scenario.But the shoe, when it starts pinching your toes , should be discarded.Never try to cut your toes to fit your shoes. Similarly the banks appear to be provoking thorns in the bush .They have to be eliminated , to transform the economy into a robust ,healthy one.

Obama needs all praise for his daring endeavour. His indulgence is comparitively riskier than the launching of a satellite. He has succeded so far. It is the initila days that pose a threat, but once you get acquainted with the nuances of the administration , and understand the machinery of governance, you can surely win accolades.

All the best Obama!